Malaysia Deposit Insurance Corporation Act 2011 s 74
s 74 No set-off in respect of insurer members
Unless the Corporation otherwise agrees in any particular case, no levy payment or levy surcharge payment owing to the Corporation by an insurer member shall be discharged, reduced or otherwise adjusted by reason of any claim that the insurer member may have against the Corporation.
Malay text (authoritative)
Tiada tolakan berkenaan dengan anggota penanggung insurans
Melainkan jika Perbadanan bersetuju sebaliknya dalam mana-mana hal tertentu, tiada pembayaran levi atau surcaj levi yang terhutang kepada Perbadanan oleh anggota penanggung insurans boleh dilepaskan, dikurangkan atau selainnya diselaraskan oleh sebab apa-apa tuntutan anggota penanggung insurans terhadap Perbadanan.
Read this section in the full act β Β· Open Chapter 2 β
Find Act 720 on lom.agc.gov.my β
Text as at 21 July 2023 (LOM reprint); amendments made after that date may not be incorporated.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).